Talos Energy Inc.
- Open
- 14.44
- Day high
- 14.97
- Day low
- 14.44
- Prev close
- 14.12
- Volume
- 1.9M
- Mkt cap
- $2.5B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 1.3
- P/S
- 1.4
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$12.8M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
Talos Energy Inc. (TALO) is a Energy company listed on NYSE. The stock is up 76% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Talos Energy Inc. (TALO) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TALO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $-0.09 | $-0.07 | +22.2% | $472M | +5.8% |
| Feb 25, 2026 | $-0.27 | $-0.44 | -63.0% | $392M | -5.2% |
| Nov 5, 2025 | $-0.35 | $-0.19 | +45.7% | $450M | +2.5% |
| Aug 6, 2025 | $-0.27 | $-0.27 | +0.0% | $425M | +0.7% |
| Feb 26, 2025 | $-0.02 | $0.08 | +500.0% | $485M | -0.8% |
| Feb 28, 2024 | $0.37 | $-0.01 | -102.7% | $385M | +0.0% |
| Feb 28, 2023 | $0.62 | $0.20 | -67.7% | $342M | +5.0% |
| Nov 2, 2022 | $0.32 | $0.75 | +134.4% | $377M | +19.9% |
| Aug 4, 2022 | $1.31 | $1.20 | -8.4% | $519M | +26.8% |
| May 4, 2022 | $0.37 | $0.77 | +108.1% | $414M | +30.7% |
| Feb 24, 2022 | $0.26 | $0.45 | +73.1% | $383M | +25.7% |
| Nov 3, 2021 | $0.23 | $-0.04 | -117.4% | $291M | +4.9% |
TALO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 6, 2026 | Babcock Gregoryofficer: See Remarks | Tax | 438 | $13.47 |
| May 22, 2026 | Control Empresarial de Capitales S.A. de C.V.10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | Sell | 339,568 | $16.80 |
| May 20, 2026 | Control Empresarial de Capitales S.A. de C.V.10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | Sell | 284,000 | $16.38 |
| May 20, 2026 | Control Empresarial de Capitales S.A. de C.V.10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | Sell | 150,000 | $16.38 |
| May 7, 2026 | Babcock Gregoryofficer: See Remarks | Grant | 18,691 | — |
| May 7, 2026 | Moss William S. IIIofficer: See Remarks | Grant | 56,074 | — |
| May 7, 2026 | Spath John B.officer: See Remarks | Grant | 56,074 | — |
| May 7, 2026 | Langin William R.officer: See Remarks | Grant | 56,074 | — |
| May 7, 2026 | Dailey Zachary B.officer: See Remarks | Grant | 56,074 | — |
| May 7, 2026 | Goodfellow Paul R Adirector, officer: See Remarks | Grant | 171,339 | — |
| Mar 30, 2026 | Control Empresarial de Capitales S.A. de C.V.10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | Sell | 960,000 | $16.65 |
| Mar 30, 2026 | Control Empresarial de Capitales S.A. de C.V.10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | Sell | 1,352,000 | $16.68 |
| Mar 12, 2026 | Goodfellow Paul R Adirector, officer: See Remarks | Tax | 44,403 | $12.94 |
| Mar 12, 2026 | GOLDMAN NEAL Pdirector | Option | 25,528 | $0.01 |
| Mar 12, 2026 | Moss William S. IIIofficer: See Remarks | Tax | 13,103 | $12.94 |
Source: TALO SEC Form 4 filings, latest Jul 6, 2026. For informational purposes only — not investment advice.
See the full TALO insider & 13F page →Talos Energy Inc. company profile
Overview
Talos Energy Inc. (NYSE:TALO) is an independent oil and natural gas exploration and production company founded in 2011 and headquartered in Houston, Texas. The company went public in May 2018 and has established itself as a significant operator in the United States Gulf of Mexico and offshore Mexico. Talos has built its business through strategic acquisitions and organic growth, including notable transactions such as the EnVen Energy acquisition in 2022 and the QuarterNorth merger completed in 2024. The company is currently undergoing a leadership transition, with Paul Goodfellow joining as CEO in March 2025, bringing extensive deepwater operations experience from Shell.
Business
Talos Energy operates in the offshore oil and gas exploration and production industry, specifically focusing on deepwater and shallow water operations in the Gulf of Mexico. The company's core business involves finding, developing, and producing crude oil and natural gas from subsea reservoirs using sophisticated drilling and production technologies. The oil and gas exploration and production (E&P) industry involves several key stages: exploration to identify hydrocarbon deposits, appraisal to determine commercial viability, development through drilling production wells and installing infrastructure, and finally production and transportation to market. Offshore operations are particularly complex, requiring specialized drilling rigs, subsea equipment, and pipeline infrastructure to transport hydrocarbons from the seafloor to onshore processing facilities. Talos operates primarily through its upstream oil and gas segment, which generates virtually all of the company's revenue. As of December 2021, the company held proved reserves of approximately 161.59 million barrels of oil equivalent, consisting of roughly 67% crude oil and 33% natural gas. The company's production is heavily weighted toward oil and liquids, which typically command higher prices than natural gas. The company also maintains a smaller carbon capture and sequestration (CCS) business called Talos Low Carbon Solutions, which focuses on capturing CO2 emissions from industrial sources and storing them in depleted oil and gas reservoirs. This emerging business segment represents less than 5% of current operations but could become more significant as carbon reduction regulations increase.
Revenue model
Talos Energy generates revenue primarily through commodity sales of crude oil and natural gas produced from its offshore wells. The company sells its production to refiners, marketers, and other purchasers at prevailing market prices, which fluctuate based on global supply and demand dynamics. With approximately 70% of production being crude oil and 79% being liquids overall, Talos benefits from oil's typically higher pricing compared to natural gas. The company's customers include major oil refiners and trading companies who purchase the crude oil and natural gas at or near the wellhead. Revenue is directly tied to production volumes multiplied by realized commodity prices, minus transportation and processing costs. Several factors significantly impact Talos's profitability margins. Commodity price volatility represents the primary external factor, as oil and gas prices can swing dramatically based on global economic conditions, geopolitical events, OPEC decisions, and supply disruptions. Higher commodity prices directly increase margins, while price declines can quickly turn profitable wells into loss-makers. Operational efficiency affects margins through drilling costs, production expenses, and facility maintenance. The company's focus on infrastructure-led drilling near existing platforms helps reduce development costs compared to greenfield projects. Regulatory changes in the Gulf of Mexico, including permitting delays, environmental restrictions, and decommissioning requirements, can increase costs and reduce margins. Weather events like hurricanes frequently shut down Gulf of Mexico operations, temporarily reducing production and increasing maintenance costs. Finally, reservoir performance and decline rates determine how long wells remain economically viable, with better-than-expected reservoir performance extending profitable production life.
Competitive moat
Talos Energy operates in a moderately competitive industry with limited sustainable moats. The company's primary competitive advantages stem from its operational expertise in Gulf of Mexico deepwater operations, established infrastructure positions, and relationships with industry partners, but these advantages are not insurmountable barriers to competition. The company's strongest moat element is its strategic infrastructure positions around existing platforms and production facilities in the Gulf of Mexico. Owning or having access to established infrastructure provides cost advantages for developing nearby discoveries, as new wells can tie back to existing facilities rather than requiring standalone development. This infrastructure-led strategy reduces development costs and cycle times compared to competitors who must build new facilities. Talos also benefits from operational expertise and relationships built over more than a decade of Gulf of Mexico operations. The company has developed specialized knowledge in deepwater drilling, subsea completions, and offshore project management. However, this expertise is not unique, as numerous other independent and major oil companies operate successfully in the same region. The company faces significant competitive threats from larger integrated oil companies with substantially greater financial resources, allowing them to pursue bigger projects and weather commodity price downturns more easily. Private equity-backed competitors can also outbid Talos for attractive acquisition opportunities. Additionally, the finite nature of oil and gas reserves means that even successful wells eventually decline, requiring continuous investment in new drilling to maintain production levels. The regulatory environment presents both opportunities and risks, as changing federal policies toward offshore drilling can either restrict or expand available opportunities for all operators. Overall, while Talos has carved out a respectable competitive position, its moat is relatively narrow and dependent on continued operational execution and favorable commodity prices.
Risks & safety
Talos Energy presents a moderate margin of safety with manageable debt levels but exposure to commodity price volatility and cyclical industry dynamics. • Liquidity and Debt Position: The company maintains solid liquidity with $203 million in cash and approximately $960 million in total liquidity. Net debt-to-EBITDA ratio of 0.8x is conservative for the industry. Total debt-to-equity ratio of 0.45x indicates reasonable leverage levels. • Cash Generation: Strong free cash flow generation of $268 million in Q1 2025 and $963 million for full year 2024 demonstrates the company's ability to generate cash at current commodity prices. However, cash flows are highly sensitive to oil and gas price fluctuations. • Valuation Metrics: EV/EBITDA ratio of 2.0x appears attractive compared to historical levels and industry peers. Price-to-book ratio of 0.64x suggests the stock trades below book value. However, book value in oil and gas companies can be misleading due to reserve valuations. • Current Ratio: At 1.05x, the current ratio indicates tight short-term liquidity management, though this is typical for capital-intensive E&P companies that manage cash flows carefully. • Other Considerations: The company faces ongoing plugging and abandonment obligations for depleted wells, with $100-120 million budgeted for 2025. Commodity price sensitivity remains the primary risk factor affecting financial stability.
Recent development
Over the past few years, Talos Energy has executed several strategic initiatives to strengthen its Gulf of Mexico position and diversify its operations. The company completed the QuarterNorth acquisition in 2024, which significantly increased production capacity and generated substantial synergies, with management identifying $65 million in total synergy potential compared to initial estimates of $35 million. The company has also been developing its carbon capture and sequestration business through Talos Low Carbon Solutions, partnering with Chevron on the Bayou Bend project and securing over 1 billion tonnes of CO2 storage capacity. This initiative represents a potential long-term diversification opportunity as carbon reduction regulations increase. Operationally, Talos has focused on infrastructure-led drilling strategies, developing discoveries near existing platforms to reduce development costs. Key recent projects include the Katmai field development, with the Katmai West #2 well drilled 35% under budget and performing better than initial expectations. The company is also advancing the Daenerys Miocene prospect and has increased its working interest in the Monument Wilcox project from 21.4% to 29.8%. The company has prioritized financial discipline, fully repaying its credit facility in 2024 and reducing total debt by $550 million. Management has implemented a systematic share repurchase program, increasing authorization to $200 million and planning to allocate up to 50% of annual free cash flow to buybacks. With the appointment of new CEO Paul Goodfellow in March 2025, the company is conducting a strategic review to identify key growth drivers and optimize capital allocation strategies.
TALO company profile · for informational purposes only — not investment advice.
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